Irsa Inversion Stock Price, News & Analysis

IRSA Inversiones y Representaciones S.A. (NYSE: IRS) has filed its 20-F Form for Fiscal Year 2022, ending June 30, 2022, with the SEC. This filing highlights the company's position as Argentina's largest real estate firm, managing a diverse portfolio including shopping centers, office buildings, and luxury hotels. Shareholders can access the audited financial statements free of charge upon request. For more details, the full 20-F document is available here.

IRSA Inversiones y Representaciones S.A. (NYSE: IRS) reported strong performance for fiscal year 2022, concluding with a net gain of ARS 34,892 million, reversing a loss of ARS 61,641 million in 2021. Adjusted EBITDA rose to ARS 27,427 million, marking a 49% increase compared to 2019. Tenant sales in malls increased by 9.5% from 2019, with portfolio occupancy at 93.1%. Notably, IRSA completed significant real estate transactions, selling two major properties for a total of USD 225 million. Shareholders' equity improved to ARS 169,727 million.

IRSA Inversiones y Representaciones (NYSE: IRS) has extended the expiration date of its Exchange Offer for the outstanding $360 million 8.750% Notes due 2023 from June 16, 2022, to June 28, 2022. As of June 16, 2022, 58.42% of the Existing Notes have been tendered. Eligible Holders will receive $532.96 per $1,000 of Existing Notes tendered under Option A. The new notes will be issued on July 1, 2022, with potential tax implications for certain holders. Participants should review the Exchange Offer Memorandum for full details.

IRSA Inversiones y Representaciones S.A. (NYSE: IRS) reported notable financial results for the nine-month period of fiscal year 2022. The company achieved a profit of ARS 11,502 million, a significant improvement compared to a loss of ARS 22,821 million in the previous year. However, adjusted EBITDA decreased by 28.2% year-over-year to ARS 12,927 million. Tenant sales in shopping malls rose by 21.2% compared to 2019, with portfolio occupancy at 91.5%. The company initiated a share repurchase plan and reported a basic EPS of 15.42.

IRSA Inversiones y Representaciones S.A. (NYSE: IRS) announced significant financial recovery for the first half of fiscal year 2022, achieving a net profit of ARS 25,520 million, compared to a loss of ARS 1,758 million in the previous year. This turnaround is attributed to changes in the fair value of investment properties, with total revenues rising to ARS 11,051 million. The rental segment showed signs of recovery, while the company sold floors of a significant building for USD 41.2 million and received regulatory approval for the Costa Urbana project, promoting future growth.

IRSA Inversiones y Representaciones S.A. (NYSE: IRS) announces the approval of its largest project, Costa Urbana, in Buenos Aires. The new regulations allow for the development of approximately 70 hectares with a construction capacity of 895,000 sqm, enabling a mix of residential, commercial, and public spaces. The company will allocate 50.8 hectares for public use and invest up to USD 40 million in infrastructure. CEO Eduardo Elsztain highlights this milestone as a catalyst for growth and employment, aiming to enhance the urban landscape and accessibility to the Río de la Plata.

IRSA Inversiones y Representaciones S.A. (NYSE: IRS) reported its Q1 FY 2022 results, ending September 30, 2021. The rental segment showed recovery, with an adjusted EBITDA of ARS 2,152 million but is still down 36.5% year-over-year. The net loss for the quarter was ARS 1,014 million, a stark contrast to last year's profit of ARS 22,468 million, mainly due to changes in the fair value of investment properties. A corporate merger process with IRSA CP was approved, and the subsidiary sold three floors of a commercial building for USD 32 million.

IRSA Inversiones y Representaciones S.A. (NYSE: IRS) has filed its 20F Form for Fiscal Year 2021, which ended on June 30, 2021. This document is accessible on the Company's website, and shareholders can request a hard copy of the audited financial statements at no cost. Additionally, in line with a corporate reorganization process announced on September 30, 2021, IRSA filed a F-4 form with the SEC. The 20F and F-4 filings are crucial for shareholders and investors to review the company's financial status and compliance.

IRSA Inversiones y Representaciones has announced a merger with IRSA Propiedades Comerciales (IRS) after receiving Board approval. The merger will see IRSA absorb IRSA PC, with an exchange ratio of 1.40 IRSA shares for each IRSA PC share. The reorganization aligns with Article 82 of the General Law of Companies and is set to take effect on July 1, 2021, contingent on shareholder approval and the SEC's administrative endorsement. Both companies released their merger financial statements as of June 30, 2021.